2013 AgriInvest Program Year Changes
The Growing Forward 2 policy framework agreement comes into effect for the 2013 program year. Under this agreement, a number of changes were introduced for the AgriInvest Program. Producers can now contribute up to 100% of their Allowable Net Sales (ANS) once per year, with the first 1% matched by governments. Read about the changes.
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AgriInvest helps you manage small income declines, and provides support for investments to mitigate risks or improve market income. Your AgriInvest account builds as you make annual deposits based on a percentage of your Allowable Net Sales and receive matching contributions from federal, provincial, and territorial governments.
Starting with the 2013 program year, you can deposit up to 100% of your Allowable Net Sales annually, with the first 1% matched by governments. The limit on matching government contributions is $15,000 per year.
Deposits are made to your AgriInvest account held at a participating financial institution. Simply bring your Deposit Notice to your financial institution, and deposit any amount up to 100% of your Allowable Net Sales as shown on your notice. You have 90 days from the issue date on the Deposit Notice to make a deposit to your account. Your financial institution will notify Agriculture and Agri-Food Canada once you have made a deposit and the matching government contributions will be credited to your account. You have the flexibility to withdraw funds at any time throughout the year.
AgriInvest is cost shared on a 60/40 basis between the federal, provincial and territorial governments.
AgriInvest is a self-managed producer-government savings account that allows producers to set money aside which can be used to recover from small income shortfalls, or to make investments to reduce on-farm risks.
AgriInvest is delivered by the federal government in all provinces except Quebec.
In Quebec, AgriInvest is delivered provincially by La Financière agricole.
For more information please contact the AgriInvest Administration.
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